The Iranian Offshore Oil Company (IOOC) has conducted fast track comprehensive projects on four oil fields in the Persian Gulf, aiming to raise the estimated oil reserves by more than 740 million barrels (mmbbl), SHAN...
Pars Oil and Gas Company (POGC) has announced that Iran’s largest gas field, South Pars, has recorded a daily production of 700 million cubic meters (mcm), according to Tehran Times. This is down to the 94% realizatio...
Iran’s Doroud and Arvand oil fields have been made available by the Iranian Offshore Oil Company for foreign investment, according to SHANA. The investment needed in the Doroud field over four years has been calculate...
Iran Oil Terminals Company’s (IOTC), Managing Director, Seyyed Pirouz Mousavi, declared that the Iranian company is in negotiation with a Dutch firm to renovate and develop Iran’s oil terminals infrastruct...
Russian state-owned oil and gas giant Gazprom is pondering to create a liquefied natural gas (LNG) distribution hub in Bahrain, which will be meant to intake LNG from various countries, including Russia, Governor of S...
Iran and Norway plan to build a floating facility for liquefied natural gas in the Persian Gulf with a help of an yet unidentified Norwegian company, according to a report by Press TV. The project, technically referre...
The National Iranian Oil Company (NIOC) has started developing Iran’s biggest offshore oil field in the Persian Gulf which is shared with Saudi Arabia. A report published by Mehr News Agency said the operation h...
The National Iranian Offshore Oil Company has announced plans to begin the development of six new offshore natural gas fields in the Persian Gulf, whose reserves are estimated at 25.7 trillion cubic feet. Iran’s natur...